Market update

VST/ ST moved to sell

IT/ LT/ VLT - Buy signal

Previous market update here, stopped out.....

Didn't take the next buy signal

Market update

ST turned to sell

IT/ LT/ VLT - Buy

 

 

Previous update here

 

 

Just FYI, to see if you noticed or not, on the eve of this mid-term elections;

 

 

Market - Highs

Economy - GDP/ PMI/ etc - Good

Employment - Good

Gas prices - @ 4 year lows

 

 

= All feels good

 

^ Funfact, nothing else. GLTA!

 

 

p.s: On a sidenote, we expect crude oil to be bullish for the next 2 years; But, we will only follow price trends and not expectations

Market update

Previous market update here

No change from that previous update so far

but but but.....

We have a so called FOMC day today. I posted our guidelines on what we do on FOMC days here .

Hence, we go into the day rather flat, with very light positions with the buy signals on. The last many days have been very favorable to us, so it does help to lighten  the positions. The rally may continue ferociously upward into 2200 SPX :) , we have no idea to predict the future but that shouldn't matter much. I will use the next signal to trade with the normal size positions.

GLTA!



Market update

VST - on a sell today (ignore = no positions) 

ST - Still on a buy at close today

IT  Turned to buy yesterday

LT/ VLT - Buy = no change

I expect SPX at ~1965 by the end of this month, it means I have a higher target upwards.If you are looking at daily charts and go long, today was such a day. 2.5% stop on IT signals, VST/ ST = get out with profits

Previous update here